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Based on the following information, prepare a balance sheet. Current Assets = $50,000; Property, Plant & Equipment = $125,000; Accumulated Depreciation = $25,000; Accounts Payable

Based on the following information, prepare a balance sheet.

Current Assets = $50,000; Property, Plant & Equipment = $125,000;

Accumulated Depreciation = $25,000; Accounts Payable = $10,000;

Notes Payable = $15,000; Total Liabilities = $50,000

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